1984 Chevrolet for County Home
Lease Agreement and
Disclosure Statement
Consumer Lease - Plain Language
Date
LESSEE (called "I", "Me" or "My")
1. (a) LESSOR (called "You" or "Your")
Name
Bob Chango, Inc.
3500 N. Roo~evett Blvd.
Key WeAt. State Fl. Zip Code 33040
Address
City
2/1/84
INDIVIDUAL CLOSED END
Lease No.
NOTICE: See other side for
Important Information
..
,-I
Name
Boand Oh Countq Com~~ion~ ob Mo~oe
500 Whitehead St.. County, Fl.
Address
City
Keq Wut.
Zip Code
State Fl.
33040
(b) I agree to lease from you and you agree to lease to me the vehicle described below on the terms and conditions set forth in this Lease Agreement.
2. Description of Leased Vehicle
Year:
1984
Make: Chev!l,old Model: Ce.lebfLLty
Accessories & Special Equipment
fXJ 2. 8 L CID 6 Cyl. Engine
/Xl Automatic Transmission
~ Radio
~ Air Conditioning
~ Tinted Glass - All
Vehicle to be Delivered at and Returned to: Address
KJ Tinted Windshield
Kl Power Steering
~ Power Brakes
o Power Windows
o Power Seat
Body Style: S /W
o Sure Grip Diff.
rxJ Undercoating
t[] Wheel Covers
fX] ~~/Roof Rack
~ Auto Speed Control
1G1AW35X7EG117818
Serial No.:
XX ~utside Mirt9.rS- .Flemote
~ Tires W W
o
o
o
City
State
3. (a) Initial Charges: :8e
(1) Capitalized Cost Reduction $
(2) Trade-In Allowance $
(3) Taxes on Capitalized Cost .00
Reduction/T rade-In $ .00
Total $
(b) Other Charges Due at Inception:
(1) Partial Monthly Lease Payment
(for the period .00
to ) $
(2) First Full Monthly Lease Payment $ .00
(3) Refundable Security Deposit $ .00
(4) License, Title and Registration : 88
Fees $
(5) Taxes $
(6) Other $ . 00 .00
Total $
Total Payment Due Before or at Time .00
of Delivery of Vehicle (a) + (b) $
4. Monthly Payment Detail:
(a) Basic Monthly'Lease Payment 291.36
(including Sales or Use Tax) $
(b) Insurance charge $ ,no
(c) Maintenance charge $ .00
(d) License charge $ Inn
( e) Other Taxes $ ,gg
(f) Other $ 291.36
.. .
Total Monthly Payment $
5. Term of Lease: Months.
The first monthly payment is payable before or at time of
delivery of vehicle. Subsequent monthly payments are
payable in advance on the 1 st day of each month
thereafter.
6. Total of Monthly Payments.
291. 36 Total Monthly Lease Payment (item 4) 6992.64
x 24 Months $
7. Total of other charges payable to Lessor: .00
o Disposition $
o Maintenance $ ..00
0 $ .00 .00
Total $
8. Fees and Taxes. Total estimated cost during the Lease
Term for official fees, registration, certificate of title,
license fees and taxes. Licenses and taxes will be paid
as indicated.
Provided by Provided by
You Me
0 State License [J
0 Sales Tax ~
0 State Excise Tax [X
0 Personal Property rn 130.00
0 All other Taxes 00 $
9. Insurance
(a) The following types and amount of insurance will be
acquired by the person indicated in connection
with this Lease:
Provided by Provided by
You Me
0 Fire, Theft ~~erenSive 00
0 Collision ($~-,--~ ) deductible [XJ
0 Public Liability ($ Mb30'OOO
0 Property Damage ($ 0)
0 Other 0 N/a
(b) Total Premium Cost $
10. Estimated Wholesale Value of the vehicle at the end of N/A
the Lease Term: $
11. Premature Termination Factor. $ . no
12. Annual Mileage Allowance: .1~/A._ Miles. ~ I~./Av
13. Excess Mileage Charge per Mile.
14. Monthly late Charge $ nn
FORM CFD-272-Pl-1 NO RICK OKLAHOMA CITY
15. Lease Tenn. This lease will begin when the vehicle is delivered to Me and will
continue for the number of months shown in item 5.
1&. Delivery of Vehicle. I will take delivery of the vehicle at the location shown in
item 2.
17. Agreement of Leasing. I acknowledge that this is an agreement of Lease and
not of sale and that neither I nor any person asserting a claim based upon My
rights will have rights other than My rights in this agreement.
18. No Option to Buy. I acknowledge that I will not become the owner of the vehicle
by fulfilling all of My obligations under this agreement and that I have no rights
to buy the vehicle from You.
19. Lease Payments. I will pay to You in advance, the Total Monthly Payment in
the amount shown in item 4. Payments are due on the 1 st day of each month,
I will pay the full amount of the Total Monthly Payment without any deduction,
even if You owe Me money. If the delivery date is other than the 1 st of the month
I will pay a Partial Lease Payment based on the actual number of days remaining
in the month.
20. Late Payments. When any payment is not paid by the 10th day of the month
for which it is due, I will pay the amount shown in Item 14 as the Monthly Late
Charge in addition to the regular monthly payment. By specifying or accepting
late payments or charges, You do not give up or change any of Your rights under
this Agreement.
21. Insurance. You and I will arrange insurance coverage for the vehicle as indicated
in item 9 and maintain that insurance coverage for the duration of the lease.
All, insurance policies will be endorsed to protect, as their interests may appear,
You, Me, and any other person having an interest in the vehicle. Both You and
I and anyone under our control, must comply with all the terms and conditions
of the insurance policy, including the immediate reporting of all accidents to
both You and the Insurance Company. LIABILITY INSURANCE COVERAGE FOR
BODIL Y INJURY AND PROPERTY DAMAGE CAUSED TO OTHERS IS NOT
INCLUDED UNLESS ITEM 9 SHOWS THAT PUBLIC LIABILITY INSURANCE IS
TO BE PROVIDED BY EITHER YOU OR ME.
22. Insurance Provided By You. You are not an insurance agent or broker. But,
if I request that insurance premium costs be included in the Total Monthly
Payments or if I do not keep adequate insurance in force, then You may submit
an application for insurance in My name. I agree to pay the premium for any
such insurance to You as additional rent. These payments are subject to increase
if the cost of the insurance rises. When these charges increase, I may provide
insurance coverage if I wish.
If You believe that the vehicle is exposed to extremely high risks or if the insurer
cancels its policies covering the vehicle, then You may require that I obtain
insurance coverage for the vehicle. If I am required to obtain such insurance,
then the Total Monthly Payments will be appropriately adjusted to reflect this.
23. Insurance Provided By Me. You will be named as an additional insured and
loss payee on all insurance policies. Before the vehicle is delivered to Me, I will
provide proof of insurance to You. The insurance policy will be endorsed to
provide that the insurer will notify You if the insurance is modified or
cancelled. The insurance obtained and the insurer must be acceptable to You.
24. Taxes, Licensing and Registration. I will pay all taxes, government assessments,
fees and charges associated with the vehicle other than those indicated in item
8 to be paid by You.
25. Additional Rent. I will pay as additional rent a mileage charge in thel amount
shown in item 13 for mileage in excess of the Annual Mileage Allowance shown
in item 12. and for the cost of repairing any unreasonable wear and use of the
vehicle as described in item 26.
2&. Standards for Wear and Use. Minor bumper ~~ratches, dents, stone chips, body
sc~atches and ~aint chips on side that do not indicate contact with a foreign
object are considered normal wear for the exterior. Alterations (such as hole
drilling, etc.) due to the installation by Me of trailer hitches, signs accessories,
etc., body hits or severe scratches, which require sheet metal work and/or
repainting to make the vehicle acceptable, damaged windshield or other glass,
bumper damage of collision severity, improper body repair work and/or poorly
matc.hing paint, severe collision damage are all not acceptable and not
c~nsldered normal wear. Carpet and trim wear proportionate to the mileage,
!"lnor s~ratches and sta.ins are normal wear for interior. Damage caused by
~nstallatlon of accessories, sever~ly scratched or damaged mouldings or
Instrument panel, permanently stamed or damaged trim and carpets are not
acceptable and not considered normal wear. At lease termination and vehicle
turn. in time~ the vehicle .must have all original equipment, including five original
equ~pmen! tires. .The vehicle must be. in satisfactory operating condition, including
engine, drive train, brakes and steering. All replacement parts or equipment must
be genuine manufacturer's parts or equipment for the above make vehicle. The
vehicle must be protected with glycol-type antifreeze with rust inhibitor to at
least minus 20 degrees Fahrenheit at time of turn in. Tires should have at least
1/8~ of measurable original tre.ad r~maining and must be identical with original
equipment. Off-brand or 2nd line tires are not acceptable replacements. Tire
w~ar must be proportionate to the mileage. Failure to maintain proper wheel
alignment or severe wear not proportionate to mileage is not considered normal
wear. You and I or our agents, shall inspect the returned vehicle and provide
a jointly signed report on the condition of the vehicle.
27. Use of the Vehicle. I will use the vehicle only in the Continental United States
and Canada. I promise that I will permit only safe, careful, licensed drivers to
operate the vehicle. I also promise that the vehicle will not be used for hire nor
be used illegally.
28. Maintenance. The person indicated below is responsible for providing tires and
for performing all maintenance services required or recommended in the Vehicle
Operator's Manual and otherwise keeping the vehicle in good operating
condition:
Provided by
You
o Maintenance
o Tires: Maximum No.
Provided by
lie
f]
:t1
I will keep the vehicle in good condition and operating order, properly serviced
and repaired using the maintenance program required by the manufacturer to
make sure that the warranty remains valid. I will pay the costs for all gasoline,
oil~ antifreeze, washing, polishing, towing' and storage necessary to maintain
the vehicle in good condition.
29. Warranties. THE MANUFACTURER'S LIMITED WARRANTY APPLIES TO THIS
VEHICLE. YOU GIVE NO IMPLIED WARRANTIES OF MERCHANT ABtLlTY OR
FITTNESS FOR A PARTICULAR PURPOSE, NOR ANY OTHER WARRANTY
EXPRESS OR IMPLIED.
30. End of lease Term. At the end of the lease term, or upon earlier termination,
I will return the vehicle to the location shown in item 2. If I return the vehicle
promptly at the end of the Lease Term shown in item 5, I will have no further
financial obligation to You except for excessive wear and use as described in
item 26, and for mileage in excess of the Annual Mileage Allowance in item
12.
31. Premature Termination. I may terminate this lease at any time after six. (6)
months from the date the vehicle was delivered to Me by(a) giving You thirty
(30) days notice (b) returning the vehicle, and (c) paying the amount of any
loss computed according to item 34.
32. Cash Offer and Acceptance. Within seven (7) days of the return of the vehicle
upon Premature Termination, You will obtain the highest available cash wholesale
offer for the vehicle and notify Me of any gain or loss to be realized on the sale.
I have no right to any surplus on the vehicle, unless otherwise required by law.
I will notify You within five (5) days if I wish to obtain a professional appraisal
as explained in item 34. If I do not notify You within five (5) days, You may
accept the offer and I will pay any loss according to item 34.
33. Premature Termination Value.
The Premature Termination Value of the Vehicle is the estimated cash wholesale
value of the vehicle at the end of the lease term, item 10, plus the unpaid portion
of any annual license fees and taxes paid by You on My behalf, plus the product
of the Premature Termination Factor, Item 11, times the number of unexpired
months to the end of the Lease Term.
34. Premature Termination liability.
(a) If the actual value of the vehicle at the time that the lease is prematurely
terminated is greater than the Premature Termination Value. I will have no further
liability under this Lease. except for other charges already incurred.
If the actual value of the vehicle isless than the Premature Termination Value,
I will be liable for the amount of the difference.
(b) If I feel that the cash offers received by You are too low, I may obtain, at
My own expense, from an independent third party agreeable to bot~ Y ou ~nd
Me a professional appraisal of the cash wholesale value of the vehicle which
could be realized at sale. The appraised value shall then be used as the actua1
value and shall be final and binding.
35. Theft or Destruction of Vehicle. If the vehicle is lost, stolen, damaged or
destroyed such that it cannot be economically repaired in Your judgement, the
lease will end thirty (30) days after notice to You of the loss, theft, or damage.
I will pay to You the Premature Termination Value of the vehicle, item 33, tess
any insurance proceeds payable to You.
36. Default.
(a) The time at which events occur is very important to this agreement; so, if
I default on this lease, You may demand the payment of all money due or to
become due under this lease, and may retake the vehicle even if You must send
My Insurer is
Telephone
someone onto My ~~rtY to retake the vehicle. In addition, I agree that One
Hundred Dollars (~1 (0) would be a reasonable amount to pay in damages
for Your joconvenience; t will also pay You for any specific damages or expense
you incurred as a result of my default including reasonable attorney's fees.
(b) I will have defaulted on this lease if I:
(1) do not pay any payment when due, or
(2) do oot do any of the things required of Me in this Lease, or
(3) do not prO\ide and mainta~n the insurance required by this Lease, or
(4) . mtsuse the vehide~ or
(5) cause thevehde to be taken by state or federal employees, or
(6) ftte in bankruptcy or someone else files in bankruptcy against Me or
(7) terminate the lease before six (6) months after the vehicle is delivered to
Me,or
(8) make You beHeve that 1 am going to hide the vehicle, or sell it, or take it
to another state ~n order to avoid paying You, or (9) die.
37. Indemnity. I win protect You from. and repay You for, any loss or damage as
a result of (a) payment of any fine. penalty, liability, claim, injury, cost, or
expense resulting from the violation of any law. ordinance, rule, or regulation;
or from (II) any damage, loss, theft or destruction of the vehicle; or from (c)
the use, condition or operation of the vehicle during the Lease Term.
38. Damages, You are not responsible to Me or anyone else, for any loss of business
or other damage caused by the interruption of the maintenance or service
furnished by You or for the time lost in repairing, replacing or delivering the
vehicle nor for any loss or damage of any kind.
39. Security Deposit. I wm pay Yau a security deposit in the amount shown in Item
3, if any, as security for M~ performance of the terms of this Agreement. If at
anytime I am III default or breach of this Agreement or there are otherwise
amounts due under this Agreement, You shall have the right without notice, to
apply all or part of the security deposit in payment of Your damages. If the
security deposit is not applied toward Your damages, it shall be returned to Me
within a reasonable time after lease termination.
40. Amendment. This lease is the entire agreement between You and Me. This
agreement can only be changed by a written agreement signed by both You
and Me . ·
41. Succession. This lease shall.be binding upon My heirs, executors, administrators
and their legal representatiye, successors and assigns.
42. Waiver. If You do not assert any fights under this agreement or overlook My
defau:lt, that does not change the agreement and You may assert that right later
or cnoose not to overtook a default at another time.
43. ~gmnent. Yoo have given Me rights in this agreement but I cannot give or
seU those fights to anyone ejse.
44. Severability. If any term or condition of this lease is found to be prohibited by
law, on~y such term or condition will be invalid and the other terms and conditions
of this 'lease wiU not be inValidated.
NOTICE:
Any holder of this consumer credit contract is subject to all claims
and defenses which the debtor could assert against the seller
of goods or services obtained pursuant hereto or with the
proceeds hereof. Recovery hereunder by the debtor shall not
exceed amounts paid by the debtor hereunder.
NOTIC~ TO ME:
1 c I will not sign this Agreement until I have completely read and
fully understand it and it does not contain any blank spaces.
2. I acknowledge that I have received a completed, filled-in copy
of this tease.
BOCUtd 0
t.
by
VEHICLE DELIVERY
1 have today examined the vehicle described in the above lease and find it to be in good operating conditioo. therefore, I have today accepted the vehicle in
accordance with the terms and conditions of the above lease.
Delivery Date
Odometer Reading
Form CFD-272-PL-2 NORICK OKLAHOMA CITY
Lessee CCf', UMen or "My")
(Signature)